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The Investment Corporation of Bangladesh Ordinance, 1976

( Ordinance NO. XL OF 1976 )

Borrowing power
25. (1) The Corporation may, for its purposes, raise finances byÔÇö
 
 
 
 
1[(a) issue and sale of bonds and debentures-
 
 
 
 
(i) in Bangladesh on such terms and conditions including the rate of interest as may be approved by the Board; and
 
 
 
 
(ii) outside Bangladesh on such terms and conditions including the rate of interest as may be approved by the Government;]
 
 
 
 
(b) borrowing moneys from Bangladesh Bank or any other bank and other institutions and sources with or without security; and
 
 
 
 
(c) borrowing from the Government on long-term basis.
 
 
 
 
(2) The bonds and debentures of the Corporation shall be guaranteed by the Government as to the repayment of the principal and payment of interest at such rates as may be fixed by the Government at the time the bonds and debentures are issued.

  • 1
    Clause (a) was substituted by section 12 of the Investment Corporation of Bangladesh (Amendment) Act, 2000 (Act No. XXIV of 2000)
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